Most Canadians hold the view that high spending by the federal government is what hinders the nation’s central bank from taming inflation, according to a survey by the Bank of Canada (BoC).
Released on April 3, the report, titled “Canadian Survey of Consumer Expectations—First Quarter of 2023,” also indicated that nearly one-third of Canadians believe Ottawa’s spending pattern will persist for years—affecting inflation much longer than disruptions in supply chain will.
“Most consumers think the Bank’s ability to get inflation back to target is hampered by high government spending and challenges with supply chains,” said the report, as first reported by Blacklock’s Reporter….